Deutsche Bank Aktiengesellschaft Issues Positive Forecast for ServiceNow (NYSE:NOW) Stock Price

ServiceNow (NYSE:NOW) had its target price raised by Deutsche Bank Aktiengesellschaft from $135.00 to $155.00 in a research note published on Monday. The brokerage currently has a buy rating on the information technology services provider’s stock.

Other equities research analysts have also issued reports about the stock. Citigroup reiterated a “market outperform” rating on shares of ServiceNow in a research note on Thursday, July 23rd. Benchmark restated a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. JPMorgan Chase & Co. boosted their target price on ServiceNow from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings raised ServiceNow from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Finally, Bank of America boosted their target price on ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average target price of $147.00.

ServiceNow Stock Up 2.7%

Shares of NYSE:NOW opened at $140.70 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $145.48 billion, a PE ratio of 87.94, a price-to-earnings-growth ratio of 2.52 and a beta of 0.97. The firm’s 50-day moving average is $125.26 and its two-hundred day moving average is $110.61. ServiceNow has a 1 year low of $81.24 and a 1 year high of $194.73.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.86 by $0.04. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Analysts predict that ServiceNow will post 2.22 EPS for the current year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Paul Chamberlain sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the transaction, the director owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This trade represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jacqueline Canney sold 7,847 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the completion of the sale, the insider owned 30,042 shares in the company, valued at $4,145,796. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On ServiceNow

Several institutional investors and hedge funds have recently modified their holdings of NOW. A. D. Beadell Investment Counsel Inc. grew its stake in shares of ServiceNow by 2.9% during the second quarter. A. D. Beadell Investment Counsel Inc. now owns 2,818 shares of the information technology services provider’s stock valued at $279,000 after purchasing an additional 80 shares during the last quarter. Atwood & Palmer Inc. raised its position in ServiceNow by 20.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 600 shares of the information technology services provider’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in ServiceNow by 25.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 516 shares of the information technology services provider’s stock worth $54,000 after purchasing an additional 104 shares during the last quarter. Cornerstone Financial Management LLC lifted its holdings in ServiceNow by 72.8% during the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock worth $25,000 after buying an additional 107 shares in the last quarter. Finally, Symphony Financial Ltd. Co. boosted its position in ServiceNow by 1.5% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 7,584 shares of the information technology services provider’s stock valued at $757,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Deutsche Bank raised its price target for ServiceNow from $135 to $155 and upgraded the stock to “buy,” implying roughly 10% potential upside from the referenced price. The upgrade provides a direct catalyst and signals increased confidence in ServiceNow’s growth outlook. Tickerreport.com analyst upgrade
• Positive Sentiment: Enterprise software stocks rallied even as broader technology shares weakened. ServiceNow benefited from sector-wide strength, with investors showing continued interest in software companies positioned to benefit from cloud adoption and artificial intelligence. Enterprise software stocks rally
• Positive Sentiment: ServiceNow and partner INRY announced a six-week deployment of EmployeeWorks. The implementation replaces a legacy employee portal with an AI-powered “front door to work,” offering a tangible example of product adoption and supporting the company’s strategy of expanding AI capabilities across enterprise workflows. INRY deploys ServiceNow EmployeeWorks
• Positive Sentiment: Recent commentary points to strong AI-related demand, partnerships and cross-selling. ServiceNow’s expanded ecosystem and collaborations with major technology companies are viewed as supporting subscription growth; reports also cite management’s higher 2026 subscription-revenue midpoint. AI alliances and raised targets
• Neutral Sentiment: Analyst coverage remains favorable, but investors should weigh ServiceNow’s faster growth and competitive positioning against Salesforce’s lower valuation and established cash generation. The comparison highlights valuation risk despite the bullish growth narrative. Salesforce versus ServiceNow comparison

ServiceNow Company Profile

ServiceNow, Inc is a cloud-based enterprise software company that provides digital workflow and automation solutions. Its Now Platform enables organizations to manage and connect business processes across information technology, customer service, human resources, finance, legal operations and other departments.

The company’s products and services include IT service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance management, strategic portfolio management and application development tools.